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Eliot Spitzer’s UES bachelor pad hits the rental market

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Eliot Spitzer’s UES bachelor pad hits the rental market
Luxury apartment overlooks Central Park at 800 Fifth Ave
New York /
800 Fifth Avenue and Eliot Spitzer (Credit: CityRealty and Getty Images)
Former New York Gov. Eliot Spitzer’s apartment on the Upper East Side has hit the market for $20,500 a month.
The three-bedroom unit at 800 Fifth Avenue just recently became available, according to the New York Post. It is ready for a December move-in, and amenities include a concierge, a parking garage and a gym, according to its listing on StreetEasy.
Once owned by Standard Oil treasurer Jabez Bostwick, and later, by a Rockefeller – the mansion at 800 Fifth Ave. sat vacant for more than 50 years until Spitzer s father Bernard demolished it and built a luxury rental tower at the address in the late 1970s.
An analysis by The Real Deal in June 2016 found that the building s 208 apartments leased for an average of $10,500 a month. The building, still owned by Spitzer Enterprises, also holds a few medical suites. There are four other apartments in the building currently on the rental market for over $10,000, according to StreetEasy.
Spitzer is currently building a $700 million, 857-unit rental complex along the Williamsburg waterfront. The first building is slated to launch next year, with Dave Maundrell of Citi Habitats leading the marketing effort.  [N[……]

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Banks are bullish on Singapore’s resi market

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(Credit from back: Someformofhuman/Wikimedia Commons; Pixabay)
Since 2013, Singapore s residential market has seen price declines, but after marginal increases in the last two quarters of 2017, the market is officially forecasting double-digit growth.
“For 2018, we expect prices in the private residential market to rise 12 to 15 per cent year on year,” said Savills Singapore s Alan Cheong to the Financial Times.
He s not alone: Credit Suisse estimates prices will rise up to 10 percent while OCBC Investment Research predicts growth by 8 percent, which makes Singapore their best bet for Asean residential markets.
Not withstanding market crashes in 1997 and 2008, the city s resi market had seen four decades worth of growth before government intervention finally cooled the market, after 10 different attempts, in 2013 with a stamp duty tax and tougher borrowing rules.
Recent easing of the government-imposed rules are prompting more sales now, according to Cheong, and increased development will push more buyers towards new buildings or renovated units, which, Morgan Stanley believes, will take care of the surplus of existing units in a city with a resi vacancy rate of 8 percent. [FT] Erin Hudson
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Top 10 most bedbug-infested cities

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